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Cuba to ease Vietnamese investments

Cuba, Vietnam, inversaciones, facilidades

Cuba to ease Vietnamese investments

Hanoi, Nov 5 (Prensa Latina) Cuba will work to create the best conditions for Vietnamese investments in the island, as assured today at a virtual meeting of the Investment Working Group of the two countries.
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Deborah Rivas, vice minister of Foreign Trade and Foreign Investment, expressed interest for Vietnamese companies to increase their capital in Cuba, especially in industry, infrastructure, construction, transportation, agriculture, food processing, renewable energies and tourism.

The official said that in recent times Cuba enacted several measures to encourage foreign investment and wants Vietnam to be one of the beneficiaries of this policy.

For his part, Vietnamese Deputy Minister of Construction Bui Hong Minh expressed the interest of national companies to invest in the island and stressed that they have guaranteed their operations even in the midst of the difficulties faced due to Covid-19.

He recalled that last September, during the official visit of President Nguyen Xuan Phuc to Cuba, the parties expressed in a joint statement the will to increase bilateral trade and cooperation.

On that occasion, Hanoi and Havana signed the Action Plan to implement the 2021-2025 Economic Agenda and numerous documents and cooperation agreements in agriculture, health, justice, information and communication, energy and tourism were signed.

Cuba will also transfer technology to Vietnam for the production of the anti-Covid-19 Abdala vaccine and will supply 10 million doses of the immunizer.

The first batch, consisting of 900,000 injectables, arrived here a few days later aboard the plane that brought back President Xuan Phuc, together with another 150,000 donated by the island.

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